Minorities Gain Traction in the Workplace

According to a July 2017 article by the U.S. Census Bureau, the number of minority-owned businesses has increased. “The Annual Survey of Entrepreneurs [has provided] a timely, demographic portrait of the nation’s employer businesses by gender, ethnicity, race and veteran status.”

According to the data, minority-owned firms increased by nearly 5% between 2014 and 2015. Non-minorities saw a smaller increase on the order of approximately 1%. Female business owners are taking the lead over male while nonveterans are outpacing veterans, as well. More specifically, ownership of firms by females increased by 3% from 2014 – bringing the total number of businesses owned by women up to 1.1 million in 2015.

The American Express OPEN “2016 State of Women-Owned Businesses Report” states that the growth in female entrepreneurship has largely been fueled by minorities.

They report, “Firms owned by women of color – their numbers have more than doubled since 2007, increasing by 126%. In fact, there are nearly 2.8 million more firms owned by women of color now than in 2007, among an overall increase of 3.5 million in the number of women-owned firms.”

In short, the business world seems to be experiencing significant change in regard to its demographic composure; although it is difficult to determine if these trends will continue.


Anna Graff